Zaggle Prepaid Ocean Services IPO GMP Today

The Zaggle Prepaid Ocean Services IPO commenced on September 14, 2023, and concluded on September 18, 2023. The allotment of shares took place on September 22, 2023, and the initiation of refunds began on September 25, 2023. The shares were credited to the demat accounts of investors on September 26, 2023. Finally, the listing of Zaggle Prepaid Ocean Services on the stock exchange occurred on September 27, 2023.

The Zaggle Prepaid Ocean Services IPO was priced at ₹156 to ₹164 per share, with a lot size of 90. The total issue size was ₹563.38 crores, comprising a fresh issue of ₹392.00 crores and an offer for sale of ₹171.38 crores. The IPO was listed on both the NSE and BSE.

In terms of quota reservations, the QIB (Qualified Institutional Buyers) quota was reserved for 75% of the shares, the NII (Non-Institutional Investors) quota was reserved for 15% of the shares, and the retail quota was reserved for 10% of the shares.

Zaggle Prepaid Ocean Services IPO Basic Details

Zaggle Prepaid Ocean Services IPO GMP Today:

Zaggle Prepaid Ocean Services IPO Details:

Founded in 2011, Zaggle Prepaid Ocean Services Limited specializes in financial technology (fintech) solutions designed to streamline corporate expense management through cutting-edge automation.

Our fintech and Software as a Service (SaaS) offerings cater to a wide range of industries, including banking, finance, technology, healthcare, manufacturing, FMCG, infrastructure, and automobiles. Our SaaS platform serves three primary functions:

1. Business Spend Management: This encompasses expense management and vendor oversight.
2. Rewards and Incentives Management: We provide solutions for recognizing and rewarding both employees and channel partners.
3. Gift Card Management: Our system, known as the Customer Engagement Management System (CEMS), assists merchants in effectively managing customer engagement through gift cards and loyalty programs.

Zaggle boasts a diverse product portfolio:

• Propel: A corporate SaaS platform for managing channel rewards, incentives, and employee recognition.
• Save: A SaaS-based platform and mobile app that simplifies expense management, facilitating digitized employee reimbursements and tax benefits.
• CEMS: Our Customer Engagement Management System empowers merchants to enhance customer experiences through gift cards and loyalty benefits.
• Zaggle Payroll Card: This prepaid card offers a convenient alternative for paying contractors, consultants, seasonal employees, and unbanked workers, eliminating the need for bank deposits or cash payments.
• Zoyer: An integrated, data-driven SaaS platform that streamlines business spend management, featuring automated finance capabilities within core invoice-to-pay workflows.

Our client roster includes esteemed companies such as TATA Steel, Persistent Systems, Vitech, Inox, Pitney Bowes, Wockhardt, MAZDA, PCBL (RP Sanjiv Goenka Group), Hiranandani Group, Cotiviti, Greenply Industries, and more.

As of the fiscal year 2023, Zaggle Prepaid Ocean Services employs over 250 professionals, maintains seven offices across India, serves more than 1,750 clients, and reaches over 1.7 million end users.

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